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all fiscal cliff related or what? fz fiscal cliff relate end again, bernanke, not
all fiscal cliff related or what? fz fiscal cliff relate end again, bernanke, not
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Dec 5, 2012
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we're in the fourth quarter as we approach the fiscal cliff. if we can deliver like rg iii delivers, we'll be doing well. the question i would ask is why the hell are we in the fourth quarter? why wasn't this done in the first quarter? >> well, piers, as you know, there were a number of efforts before the election to get this done and there were major differences between the parties, and those parties became a big part of the conversation during the presidential debate. the president could not have been clearer that he wanted to do two things. he wanted to boost economic growth by doing things like investing in our infrastructure which used to be a bipartisan idea, but also, extending middle class tax cuts and as you said, asking the wealthiest to pay a little bit more to reduce the deficit. that was part of the conversation. so we would hope that the election would break a little bit of this logjam. obviously that hasn't happened yet. the president's put his plan on the table. i'm still very hopeful, piers, that we'll get there. i agree with y
we're in the fourth quarter as we approach the fiscal cliff. if we can deliver like rg iii delivers, we'll be doing well. the question i would ask is why the hell are we in the fourth quarter? why wasn't this done in the first quarter? >> well, piers, as you know, there were a number of efforts before the election to get this done and there were major differences between the parties, and those parties became a big part of the conversation during the presidential debate. the president...
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we cannot offset the full impact of the fiscal cliff. it's just too big. >> there was another figurehead on capitol hill today, urging a solution to the standoff. >> to parents everywhere, call your representatives today, tomorrow, and every day until they pass the tax cut that is so important to you all. >> i guess we're pulling out all stops. senate republican leader mitch mcconnell was not really in the holiday mood today. he claims the president is not giving republicans anything to work with. >> the president and his allies have taken so many things off the table, the only thing left is the varnish. >> well, that's good news. house speaker john boehner says the white house offer is dead in the water. >> the president is calling for $1.4 trillion worth of revenue. that cannot pass the house or the senate. >> here is a news alert for speaker boehner. it's his job to get a deal to pass the house. today i spoke with congressman chris van hollen on my radio show. the ranking member of the budget committee for the democrats told me why sp
we cannot offset the full impact of the fiscal cliff. it's just too big. >> there was another figurehead on capitol hill today, urging a solution to the standoff. >> to parents everywhere, call your representatives today, tomorrow, and every day until they pass the tax cut that is so important to you all. >> i guess we're pulling out all stops. senate republican leader mitch mcconnell was not really in the holiday mood today. he claims the president is not giving republicans...
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right now we're talking about a possible fiscal cliff. we're not off the cliff. >> right. >> if it's january 2nd or 3rd and the stock market is going down by a couple thousand points around the world. the japanese markets, european countries, countries in europe which are precarious are in bigger trouble. the whole thing is going wacky, one guy is going to be standing in the middle of the storm, not grover norquist or some republican, but the president of the united states who has to weather the storm and point the finger across the aisle to someone nobody else in the world knows and says, speaker boehner, would you solve this problem? i'm not sure -- that's why i'm against you on this one. i think times have changed. >> economically the biggest risk is the sequestration. it's not the tax cuts going into effect. and -- >> you mean the millions of dollars -- >> the cuts that will be forced through in the next two years. that's a much bigger risk to the economy. >> therefore? >> therefore, if the president lets this thing -- look, the marke
right now we're talking about a possible fiscal cliff. we're not off the cliff. >> right. >> if it's january 2nd or 3rd and the stock market is going down by a couple thousand points around the world. the japanese markets, european countries, countries in europe which are precarious are in bigger trouble. the whole thing is going wacky, one guy is going to be standing in the middle of the storm, not grover norquist or some republican, but the president of the united states who has...
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Dec 10, 2012
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the reason, well, the fiscal cliff. the current rate is 35%. only those estates worth 5 million or more have to file. if we go off the cliff the rate shoots up to 55%. anyone worth an estate worth $1 million or more has it file. that will catch tens of thousands of tax payers in the net of the estate tax. republicans want it abolished or current rates to be made permanent. obama wants 45% rate and 3.5 million cut off. that mid way between today's rates and old rate. the problem is that even some democrats are siding with republicans saying they want it keep current rates. all the sides here tyler remain very far apart. wealthy families need 20 rewrite their wills and charity plans. for the country, there are hundreds of billions of dollars at stake. under old rates, they raise $532 billion by 2021. obama plan raised around $270 billion, about half. gop raises about $161 billion. the fight over taxing the rich, especially in the estate tax, is far from over. back to you, tyler. >> not the first time the estate tax has come up in these kinds of n
the reason, well, the fiscal cliff. the current rate is 35%. only those estates worth 5 million or more have to file. if we go off the cliff the rate shoots up to 55%. anyone worth an estate worth $1 million or more has it file. that will catch tens of thousands of tax payers in the net of the estate tax. republicans want it abolished or current rates to be made permanent. obama wants 45% rate and 3.5 million cut off. that mid way between today's rates and old rate. the problem is that even...
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Dec 11, 2012
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"washingtonning on" journal" a look at the fiscal cliff. we will hear from jim do yle on how the fiscal clefted affected businesses and charles clark of the executive media group. earlier today, gene sperling reemphasize the obama registration tax on the wealthy. >> when you think again that we have an economy that is capable of having more winner take all outcomes. progressive taxation is not about redistribution. it is not about populism. it is about a national commitment to pay it forward. those of us who have benefited most from the innovation of the past seven obligation to pay for it to make sure we are giving this generation and the next generation the same building blocks in terms of education research so that they have the same chance to grow and prosper. in that sense, paying down deficits loss still investing is not about borrowing from the future. it is about investing in a more prosperous future. i think that is the overall frame. the processes are not things to be stopped but things to be in braised in shaped toward the progre
"washingtonning on" journal" a look at the fiscal cliff. we will hear from jim do yle on how the fiscal clefted affected businesses and charles clark of the executive media group. earlier today, gene sperling reemphasize the obama registration tax on the wealthy. >> when you think again that we have an economy that is capable of having more winner take all outcomes. progressive taxation is not about redistribution. it is not about populism. it is about a national commitment...
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Dec 6, 2012
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alan simpson painting a bleak picture behind the scenes of the fiscal cliff negotiations. good morning. this is "way too early." thanks for being up with us this morning. we have a lot to get to on this thursday, december 6. >> including president obama actually making his appeal to business leaders on his tax plan. he's now reaching out following a very tough election campaign. >> and overseas, protests get violent in egypt where the once stable nation appears to be on the verge of crisis. first, let's get to the news live at 5:30 here at 30 rock in new york city. we begin with 25 days to go until the year end fiscal cliff deadline for the first time in days president obama and speaker boehner spoke on the phone yesterday. both men agreeing not to publicly characterize how the conversation went. but the stalemate in negotiations entered bold new territory yesterday with treasury secretary tim geithner suggesting the white house is ready to go off the cliff if republicans refuse to raise taxes on the top 2%. >> if republicans do not agree to that, is the administration pre
alan simpson painting a bleak picture behind the scenes of the fiscal cliff negotiations. good morning. this is "way too early." thanks for being up with us this morning. we have a lot to get to on this thursday, december 6. >> including president obama actually making his appeal to business leaders on his tax plan. he's now reaching out following a very tough election campaign. >> and overseas, protests get violent in egypt where the once stable nation appears to be on...
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. >>> if they don't take action by the end of this month they will go over the fiscal cliff. coming up, we will have the jobs that could be lost if those automatic cuts take affect. >> former president clinton is here as part of a celebrity forum speaker series. he said hillary rodham clinton is in great shape and has unbelievable stamina but she needs rest before deciding what she does next. she will not be secretary of state for president barack obama's second term. >>> it happened at the bridge toll booth. they broke the stories and at least two toll takers have been on the loose for months now. they would announce more information today. residents in san mateo counties are being asked to cut back on water. it stirred upset men at -- up set -- sediment and until they fix it, they will be importing water from further away. >>> they are making $1 million available to fix a huge sinkhole. it happened during a major storm. a clogged up storm drain added to the problems. it will allow the water to drain out of that sinkhole to get a more permanent fix. >>> stay right here with
. >>> if they don't take action by the end of this month they will go over the fiscal cliff. coming up, we will have the jobs that could be lost if those automatic cuts take affect. >> former president clinton is here as part of a celebrity forum speaker series. he said hillary rodham clinton is in great shape and has unbelievable stamina but she needs rest before deciding what she does next. she will not be secretary of state for president barack obama's second term....
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also more americans are finally waking up to the fiscal cliff. december consumer sentiment nosedived to a five-year high, because of fiscal cliff fears. a spike in taxes would leave a lot less money lying around for the iphone or ipad. shares of apple fell 2%. >>> thanks to a study by the department of energy the u.s. may be closer to approve natural gas exports. data shows it could improve the economy by $47 billion in 2020. we need that. sounds like a win-win. we have the ceo of bright link oil and gas. chris, thanks for joining us. >> thank you. melissa: what do you make of this report? first of all, do you buy it? do you think it's possible? >> i do think it's possible and i'm glad to see it come out. what it really does now it shows over the 12 different scenarios that the government study investigated each one of those scenarios came back and said america will benefit and have a positive economic gain if we export lng offshore to europe, and or asia and to other countries that need our gas. melissa: we have so much natural gas unlocked as a
also more americans are finally waking up to the fiscal cliff. december consumer sentiment nosedived to a five-year high, because of fiscal cliff fears. a spike in taxes would leave a lot less money lying around for the iphone or ipad. shares of apple fell 2%. >>> thanks to a study by the department of energy the u.s. may be closer to approve natural gas exports. data shows it could improve the economy by $47 billion in 2020. we need that. sounds like a win-win. we have the ceo of...
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economy and that pending fiscal cliff. are we going to go over the fiscal cliff? >> you know, i remain optimistic that there are enough people of good will in this town that recognize our economy will be much better off, american families will be much better off, if we get this done. the most important thing we can do is make sure the middle class taxes do not go up january 1st and i'm pretty confident that republicans would not hold middle class taxes hostage to try to protect tax cuts for high income individuals. >> reporter: prediction. are you going to be able to raise taxes? yes or no? >> oh, taxes are going to go up one way or the other. >> reporter: oh, they are? >> and i think the key is to make sure the taxes go up on high end individuals like you and me, barbara. we can afford it. it is entirely possible for us to come up with a deal. but time is running short. >> reporter: the president sounded optimistic about avoiding the fiscal cliff. he said, of his meeting with speaker boehner, "i think the tone was good. i believe both speaker boehner and myself a
economy and that pending fiscal cliff. are we going to go over the fiscal cliff? >> you know, i remain optimistic that there are enough people of good will in this town that recognize our economy will be much better off, american families will be much better off, if we get this done. the most important thing we can do is make sure the middle class taxes do not go up january 1st and i'm pretty confident that republicans would not hold middle class taxes hostage to try to protect tax cuts...
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on the brink of the fiscal cliff. when lot of the operations for social security are located in baltimore. she is out protesting. there was a big protests by workers at social security about some of the fiscal cliff discussions yesterday. roma in fairfield, california, line for independents. caller: i wanted to piggyback a little bit of what the others have said before me. i am an immigrant. akin to this country when i was very young. i'm very grateful for this country. i have lived in other countries, and this is the best country to be. having said that, when i came here it was required that i spoke english. when i go to businesses and schools and just about town all day in my regular day-to-day activities of daily living, a run into this barrier of language. in the school system, when you they say youceaddress it, just look away. it has gotten too politically incorrect. it is very hard to educate a glitch comprehending people if you have a heavy accent -- english-comprehending people if you have a heavy accent. i wo
on the brink of the fiscal cliff. when lot of the operations for social security are located in baltimore. she is out protesting. there was a big protests by workers at social security about some of the fiscal cliff discussions yesterday. roma in fairfield, california, line for independents. caller: i wanted to piggyback a little bit of what the others have said before me. i am an immigrant. akin to this country when i was very young. i'm very grateful for this country. i have lived in other...
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. >> it has probably not escaped your attention that the mantra "fiscal cliff, fiscal cliff, fiscal cliff" is played out every night on the evening news and the corporate news. what does that say to you? that you'd get "fiscal cliff, fiscal cliff," but not "job crisis, job crisis, job crisis"? >> it tells me, quite frankly, that many of these people, who by the way did not have much to say about the deficit when we went to war in iraq and afghanistan and didn't pay for it, i didn't hear from any people in the media complaining about that. what it tells me is that behind the corporate drive for deficit reduction is a significant effort to try to cut social security, medicare, and medicaid and other programs that working families need, not so much because of deficit reduction, because this has been the agenda of republicans and right wingers for a very long time. >> so how do you see this fiscal debate playing out in the next couple of weeks? >> we have, those of us who say that deficit reduction is a serious issue, i believe it is. but believe very strongly that at a time when we have the
. >> it has probably not escaped your attention that the mantra "fiscal cliff, fiscal cliff, fiscal cliff" is played out every night on the evening news and the corporate news. what does that say to you? that you'd get "fiscal cliff, fiscal cliff," but not "job crisis, job crisis, job crisis"? >> it tells me, quite frankly, that many of these people, who by the way did not have much to say about the deficit when we went to war in iraq and afghanistan...
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yep, this is how one man sees the fiscal cliff and it's a pretty important man. this is alan simpson. ♪ yep. that maybe the most action the fiscal cliff saw today. here's the scene on capitol hill at noon. yep, people leaving. members of congress leaving washington, heading home on wednesday afternoon. one man left standing was the house speaker and he says i'm not going anywhere. >> i'll be here and i'll be available at any moment to sit down with the president to get serious about solving this problem. >> but of course, it takes two to tango, so where does president obama stand? >> we can probably solve this in about a week. it's not that tough. >> it's not that tough. he's absolutely right about that. but we heard early this evening that the president and speaker boehner did speak late today on the phone, so that's good news, but in this case, they need face time. they need to spend real time face to face. even democrats think the president needs to do more in person work on this. >> the president is not somebody who he's prioritizing evenings with his famil
yep, this is how one man sees the fiscal cliff and it's a pretty important man. this is alan simpson. ♪ yep. that maybe the most action the fiscal cliff saw today. here's the scene on capitol hill at noon. yep, people leaving. members of congress leaving washington, heading home on wednesday afternoon. one man left standing was the house speaker and he says i'm not going anywhere. >> i'll be here and i'll be available at any moment to sit down with the president to get serious about...
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for more talks on the fiscal cliff. details were not released but both sides say lines of communication remain open. on face the nation erskine bowles co-chair of the bipartisan deficit commission told bob schieffer he's a bit more optimistic than he was a week ago. >> we were going through the cab ukee theatre, one side making an offer, the other rejecting it and that is pretty natural in any deal. but you know, they've started to tango now and you know any time you got two guys in there tangoing you got a chance to get it done. >> meanwhile urging both sides to get this done jeffrey immelt chairman of general electric spoke to charlie rose. >> i would say the business community almost universitily speaks with one voice that this needs to get done and get done now. and moving it to next year is just failure. >> jeff: you can see the full jeffrey immelt interview first thing tomorrow on cbs this morning. >> big business is to the alone in wanting to avoid the fiscal cliff. tonight randall pinkston with 9 worries of smal
for more talks on the fiscal cliff. details were not released but both sides say lines of communication remain open. on face the nation erskine bowles co-chair of the bipartisan deficit commission told bob schieffer he's a bit more optimistic than he was a week ago. >> we were going through the cab ukee theatre, one side making an offer, the other rejecting it and that is pretty natural in any deal. but you know, they've started to tango now and you know any time you got two guys in there...
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obama wins either way, he wins if negotiation go his way or if we go over the fiscal cliff, either way, america loses. not so fast, i think we have choices. that is it for us, thank you, we'll see you tomorrow night, good night from new york. neil: think fat cats are still angry at the president? fat chance, what if i told you a lot of sucking up to the talk about off the wall or should i say off the wall street, welcome neil cavuto here, and charlie gasparino had it right, there is no squirmier, bunch than those on wall street. they were throwing any money they had to make sure that barack obama would be a one termer, but now all but core coreon core -- cronning him all some with between emperor and king. a growing number of financial types figuring now that the president is in, best both sides sort things out by caving in. on everything from higher taxes for the rich, that is fine. higher investment related taxes on everyone, have at it. more stimulus, why not. why this folding like a cheap suit now? maybe because the financial suits figure to go along so just get along. i think that
obama wins either way, he wins if negotiation go his way or if we go over the fiscal cliff, either way, america loses. not so fast, i think we have choices. that is it for us, thank you, we'll see you tomorrow night, good night from new york. neil: think fat cats are still angry at the president? fat chance, what if i told you a lot of sucking up to the talk about off the wall or should i say off the wall street, welcome neil cavuto here, and charlie gasparino had it right, there is no...
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no progress in resolving the fiscal cliff today. i know, you're not surprised by that, but we can report there were, well, some contact between the two principle players in the negotiations if there were negotiations. president obama and speaker john boehner actually talked to one another. it was on the telephone. it was not the face-to-face meeting the speaker says is necessary, but it was the first time that the two men have spoken in a week. for the latest on these stalled negotiations, we turn to fox news chief white house correspondent ed henry for the report. >> trying to lay blame for stalled budget talks on republicans, president obama today wratcheted up pressure on boehner. >> nobody wants this done more than me. >> for the first time, plan for massive spending cuts from going over the fiscal cliff warning business executives, the economy could take another hit if republicans decide to extend just to middle class tax cuts to avoid the cliff for now and come back next year with more leverage to tie spending cuts and medicar
no progress in resolving the fiscal cliff today. i know, you're not surprised by that, but we can report there were, well, some contact between the two principle players in the negotiations if there were negotiations. president obama and speaker john boehner actually talked to one another. it was on the telephone. it was not the face-to-face meeting the speaker says is necessary, but it was the first time that the two men have spoken in a week. for the latest on these stalled negotiations, we...
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the number of days before the nation is going to slip over the fiscal cliff and that is what people are talking about. unfortunately, in washington they are not talking to each other about it. right now president obama is meeting with the washington business roundtable. that's just minutes after speaker boehner met with rank and file gop lawmakers and former speaker pelosi met with house democrats. they are all in each other's corners speaking amongst each other but all eyes are on the fiscal cliff. let's scoot over to the president. easy merging from that meeting with the washington business leaders. let's see what he has to say. >> jim, thanks for your leadership. you know, originally my team had prepared some remarks, they always get nervous when i'm out there on my own, never know what i might say. but given the dialogue that we had the last time, i thought it was useful for me to abbreviate my remarks, speak off the cuff at the top and then most of the time just having a conversation. let me begin by saying all of you in this room are not just business leaders, not just ceos of you
the number of days before the nation is going to slip over the fiscal cliff and that is what people are talking about. unfortunately, in washington they are not talking to each other about it. right now president obama is meeting with the washington business roundtable. that's just minutes after speaker boehner met with rank and file gop lawmakers and former speaker pelosi met with house democrats. they are all in each other's corners speaking amongst each other but all eyes are on the fiscal...
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subtract 3.5, that is a severe recession. >> if we go off the fiscal cliff with no policy changes the near-term negative economic consequences would be significant and most assuredly throw us into a recession. >> comes a day after treasury secretary tim geithner told cnbc the white house is prepared to go the distance if its demands are not met. >> if republicans do not agree to that, is the administration prepared to go over the fiscal cliff? >> oh, absolutely. again we see there's no agreement that done involve those rates going up on the top 2% of the wealthiest. remember it's only 2%. >> former senator alan simpson, co-founder of the fix the debt campaign, choice words and analysis for would-be cliff jumpers. >> when you have leaders of parties and people from the administration saying, i think it will be to the advantage of the democrats to go off the cliff, wealthy it will be advantage to the republicans to go off the cliff or the president to go off the cliff, that's like betting your country. there's stupidity involved in that. this is big-time stuff. >> surprising exactly no
subtract 3.5, that is a severe recession. >> if we go off the fiscal cliff with no policy changes the near-term negative economic consequences would be significant and most assuredly throw us into a recession. >> comes a day after treasury secretary tim geithner told cnbc the white house is prepared to go the distance if its demands are not met. >> if republicans do not agree to that, is the administration prepared to go over the fiscal cliff? >> oh, absolutely. again we...
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>> the fiscal cliff. first of all i think there are issues that are beginning to improve and, you know, whether you look at the euro zone which is making progress, gradually, laboriously and certainly improving and with good numbers because if you look at thinge ia because if you look at thinge a greg gat euro zone debt, and you have political stability back now that the new team is in place so the volatility and the instability factors that are outside have reduced. the real threat that we have at the moment is really here with us and that can be addressed. >> but when you look at, i mean i understood that the european banks had sort of downsized or downgraded what they thought would be growth. you've got more than 11% unemployment in the euro zone, which is a good deal higher than here. >> yeah yeah. >> are those things threats to the u.s. economy or do you think the u.s. economy now is destabilizing or has the potential to destabilize the world economy? >> i think the u.s. economy, because it's a relat
>> the fiscal cliff. first of all i think there are issues that are beginning to improve and, you know, whether you look at the euro zone which is making progress, gradually, laboriously and certainly improving and with good numbers because if you look at thinge ia because if you look at thinge a greg gat euro zone debt, and you have political stability back now that the new team is in place so the volatility and the instability factors that are outside have reduced. the real threat that...
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number one first is the fiscal cliff. and i think the market itself is expecting, as josh had said, that there will be some form of a grand compromise coming. that is a little bit concerning because i think everyone really is treating it with not so much cautiousness. and the vulnerability to the down side, is pretty significant if we fail to compromise. on ben bernanke and his ability to once again give the market what it was supposed to want -- >> and we'll talk more about that later. >> -- and we'll get into that, but let me say this and i'll walk you through it later. i think the message of the federal reserve since the beginning of this year should not be listened to by investors. >> steph, so how do you try and navigate the stock market, again, when we're getting these comments out of washington, and as our own eamon javers reports, perhaps things have taken a small step back in negotiations? >> i think it's interesting we're only down 29 points on the dow. that's number one. and this is just what negotiations are,
number one first is the fiscal cliff. and i think the market itself is expecting, as josh had said, that there will be some form of a grand compromise coming. that is a little bit concerning because i think everyone really is treating it with not so much cautiousness. and the vulnerability to the down side, is pretty significant if we fail to compromise. on ben bernanke and his ability to once again give the market what it was supposed to want -- >> and we'll talk more about that later....
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waiting for news on the fiscal cliff and what ben bernanke if he have anything to say about the fiscal cliff after two-day meeting by federal reserve. they are also watching for bond action. i want to touch on something you were saying. mcdonald's, a a contributor to the dow strength. these are contributing, very moderate strength. we are seeing strength and materials, healthcare industrials, that where mcdonald's trades, they are lower today. one of the reasons we were talking about same store sales and mcdonald's being stronger, that is a boost to its stock. but we have seen a pull back, most notably the gap before pressure. disappointed and a number of retailers did. that number is a mixed as we head toward thursday. the retailers on the retail sales figures for the month of november. quickly, touch on one deal today. honeywell making acquisition of intermac. $10 a share. honeywell, it wasn't unexpected. started taking a leg down on that. brian back to you. >> mary, thank you. >>> part of what is giving the market move today along with renewed confidence perhaps. in the chinese econ
waiting for news on the fiscal cliff and what ben bernanke if he have anything to say about the fiscal cliff after two-day meeting by federal reserve. they are also watching for bond action. i want to touch on something you were saying. mcdonald's, a a contributor to the dow strength. these are contributing, very moderate strength. we are seeing strength and materials, healthcare industrials, that where mcdonald's trades, they are lower today. one of the reasons we were talking about same store...
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fiscal cliff, obviously dominant on the scene. no major events, as i see them scheduled those there will be some of the joint committee in congress on thursday, talks about some of the outcomes, should we go over fiscal cliff. and then looking beyond that, really, it's really about the euro zone and keep an eye out. we have meetings going on wednesday, thursday, friday. >> got it. chad, what about you? >> bill and mandy, three things to watch for tomorrow. as your previous guest said, wholesale inventory number. you have to watch that, if you start to see a long-term trend where the companies are building inventories, that's something more ominous to the economy. the small business index coming out tomorrow. that, of course, should show a gradual increase in its pace. and the federal reserve is starting their meetings tomorrow, so, for wednesday, we're expecting an additional $40 billion every month of additional treasury purchases to take place on the operation twist. >> jennifer, 30 seconds. what do you see tomorrow? >> yeah, we
fiscal cliff, obviously dominant on the scene. no major events, as i see them scheduled those there will be some of the joint committee in congress on thursday, talks about some of the outcomes, should we go over fiscal cliff. and then looking beyond that, really, it's really about the euro zone and keep an eye out. we have meetings going on wednesday, thursday, friday. >> got it. chad, what about you? >> bill and mandy, three things to watch for tomorrow. as your previous guest...
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Dec 8, 2012
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. >>> also, the fiscal cliff. it's down to two people. everybody seems to agree, two people get in the room, the president and the leader of the opposition, john boehner, the speaker. they may be closer, some argue, to an agreement than we think. the question is can they sell the deal to their bases, to their fringies, left and right i must say. >>> plus, republicans say they would change after the election and they are. guess what? they're changing the rules. some of them are proposing to republicans in pennsylvania and three other states obama won, they're trying to eliminate the winner-take-all system of awarding electoral votes. that way republicans could win electoral votes in states they lose. >>> new jersey governor chris christie finally meets his idol. the man he's seen in concert more than 100 times. the governor and the boss, bruce springsteen. they're friends now. this is "hardball," the place for politics. from our 4,000 television commercials. yep, there i am with flo. hoo-hoo! watch it! [chuckles] anyhoo, 3 million people s
. >>> also, the fiscal cliff. it's down to two people. everybody seems to agree, two people get in the room, the president and the leader of the opposition, john boehner, the speaker. they may be closer, some argue, to an agreement than we think. the question is can they sell the deal to their bases, to their fringies, left and right i must say. >>> plus, republicans say they would change after the election and they are. guess what? they're changing the rules. some of them are...
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country over the fiscal cliff. if you look at what the president's stance to gain if the country goes over the fiscal cliff, there are very clear and identifiable things. on the one hand the president could identify himself as a tax cutter. he could say -- on january 1st the president in terms of the country and say, now in favor of cutting these taxes that have been raised because we did not solve this before the fiscal cliff. he can turn and say to my want to restore some of this funding that my secretary of defense and joint chiefs of staff told me i need to restore and can position himself as sort of the protector of u.s. national security. so there are some clear incentives to the president to lead the country over the fiscal cliff. do i think that's what he wants? probably not, but do i think there are incentives for him to do it temecula. gerri: never looked at it that way. as you look at this debate on going, there are a lot of folks who say we will be flirting with recession or in recession if we do go ove
country over the fiscal cliff. if you look at what the president's stance to gain if the country goes over the fiscal cliff, there are very clear and identifiable things. on the one hand the president could identify himself as a tax cutter. he could say -- on january 1st the president in terms of the country and say, now in favor of cutting these taxes that have been raised because we did not solve this before the fiscal cliff. he can turn and say to my want to restore some of this funding that...
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Dec 12, 2012
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trading words in any progress or lack thereof on the looming fiscal cliff. david: live with the very latest proposals, if there are any real ones. >> all of this with a sense of optimism from both sides. no movement to secure a deal. wanting immediate tax rate hikes on the wealthy on the spending cuts. latest offer, $1.4 trillion in new tax revenue down from a previous offer of 1.6 trillion. and willingness to begin corporate tax reform. house speaker john boehner says that deal fell short. speak of the president's plan to avert the fiscal cliff still does not meet the two standards as laid out the day after the election. the plan does not fulfill his promise to bring a balanced approach to solving this problem. >> it is not a realistic position to say that we can resolve this by extending tax cuts for the wealthiest americans and vaguely promising that we will lean additional revenue by closing loopholes and counting deductions in a way everyone knows is unrealistic. >> republicans continue to refuse to raise tax rates on wealthier families, the official cl
trading words in any progress or lack thereof on the looming fiscal cliff. david: live with the very latest proposals, if there are any real ones. >> all of this with a sense of optimism from both sides. no movement to secure a deal. wanting immediate tax rate hikes on the wealthy on the spending cuts. latest offer, $1.4 trillion in new tax revenue down from a previous offer of 1.6 trillion. and willingness to begin corporate tax reform. house speaker john boehner says that deal fell...
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Dec 12, 2012
12/12
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larry, we are going to avoid the fiscal cliff resection. the white house is acting with impunity right now. and the white house is so far said look, we want to continue talking about one quarter of the president's own architecture. the president said there was a three to one ratio between savings and cuts and revenue. but they have been silent on this. >> little bit of breaking news. >> wow, the studio is shaking. mr. bhoener is at $800 million. no new information on then ti e ti tiltment. i'm suggesting. it is a game of chicken. neither party can afford this kind of recession. after what we've been through we can't take it. if that meanstending the tax cuts so be it. let me accept your premise. but i have to pile on more. something that is worse is a debt crisis. if you have a white house that is committed from going from $16 trillion in debt which is where the obama administration would lead us. what do you do with that knowledge? what if you come to the view that the president has created in the state of illinois which is a basket case t
larry, we are going to avoid the fiscal cliff resection. the white house is acting with impunity right now. and the white house is so far said look, we want to continue talking about one quarter of the president's own architecture. the president said there was a three to one ratio between savings and cuts and revenue. but they have been silent on this. >> little bit of breaking news. >> wow, the studio is shaking. mr. bhoener is at $800 million. no new information on then ti e ti...
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the fiscal cliff into. intellectual property protection and the business leaders are speaking for themselves generally speaking business leaders are centrists they're data driven the results oriented and they are looking for compromise in washington. so liz as you can see essential business forward is trying to do is make sure that members of business especially large businesses like the founding members companies like wal-mart lockheed martin google american airlines and cetera all have the opportunity to speak with senior white house administration officials other government officials as frequently as possible so that's essentially what business ford does all right well you know it doesn't sound like a bad idea at least for the for the businesses who obviously have a huge impact on the economy to talk to the government about these issues could there be a conflict of interest there or what do you think you know well that's a great question so obviously it's in the business his best interest to be able to s
the fiscal cliff into. intellectual property protection and the business leaders are speaking for themselves generally speaking business leaders are centrists they're data driven the results oriented and they are looking for compromise in washington. so liz as you can see essential business forward is trying to do is make sure that members of business especially large businesses like the founding members companies like wal-mart lockheed martin google american airlines and cetera all have the...
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Dec 7, 2012
12/12
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i think this is all fiscal cliff and tax related selling here. i don't think it's core, that rumor that because they moved up margins -- >> what do you do? your brother says stay away. >> i think he's right. you don't add to it until the final weeks of december. >> he didn't say stay away. >> did he say buy it? >> he said own it. >> if he thinks it's going up. >> if he loves it so much, why don't you buy more here? absolutely. on november 16th the stock rallied, took a little bit off, and i still believe on a tact tactical basis that's the right move, at least for me. longer-term time frame it is generational. it looks most like a bond. it's a bond-friendly type of asset. that's why i want to own it. now, john and pete are talking about what potentially could turn it. you have to look forward into the earnings season and understand the potential for the number of iphones to be sold to hit 50 million. now, the reason that it was down 9 of 11 weeks, why did that begin? it began on the conversation of iphone five constraints. you wanted to order an
i think this is all fiscal cliff and tax related selling here. i don't think it's core, that rumor that because they moved up margins -- >> what do you do? your brother says stay away. >> i think he's right. you don't add to it until the final weeks of december. >> he didn't say stay away. >> did he say buy it? >> he said own it. >> if he thinks it's going up. >> if he loves it so much, why don't you buy more here? absolutely. on november 16th the stock...
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Dec 13, 2012
12/12
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first, i want to ask you, bob, how much of this is due to the fed as opposed to the fiscal cliff. >> i'm not discounting the fiscal cliff but i think a lot of this is sell on the news related to the federal reserve. we have seen this news before. remember, take a look at the s&p 500. i don't think it is a coincidence we hit the highs of year september 14th. that's the day after the fed meeting when they announced quantitative ease meetings. they bought into the fed meeting then started selling immediately after. we saw thmovie before and they e doing this before. two months high on the dow jones industrial, a two-month chart of the dow jones industrial average, and you will see. there are the highs. and we are drifting lower here. i put more of this on sell on the news of the fed. spike and bond yields got a lot of e-mails talking about inflation in 2013. this has not been a successful trade but number of the etfs exist out there. spider gold trust with the classic hedge against inflation. one to five-year tips. very big etf. then you can even bet against long-term treasuries with th
first, i want to ask you, bob, how much of this is due to the fed as opposed to the fiscal cliff. >> i'm not discounting the fiscal cliff but i think a lot of this is sell on the news related to the federal reserve. we have seen this news before. remember, take a look at the s&p 500. i don't think it is a coincidence we hit the highs of year september 14th. that's the day after the fed meeting when they announced quantitative ease meetings. they bought into the fed meeting then...